Information for businesses

Pending the Government’s changes to the supervisory model, information for types of businesses is held on the website of the three supervisors.

  • Banks, life insurers and non-bank deposit takers should contact the Reserve Bank(external link)
  • Derivatives issuers, brokers and custodians, equity crowd funding platforms, financial advisers, managed investment scheme managers, peer-to-peer lending providers, discretionary investment management services, licensed supervisors and issuers of securities should contact the Financial Markets Authority(external link)
  • Casinos, lawyers, conveyancers, accountants, real estate agents, sports and racing betting agencies, businesses that provide trust and company services, or trade in high value goods, and other financial service providers that are not covered by the Reserve Bank or Financial Markets Authority should contact the Department of Internal Affairs(external link)

Working with others to reduce your anti-money laundering compliance costs

The Ministry of Justice has published general guidance to businesses to reduce their compliance costs.  There is more information at:

Reporting suspicious activities

If businesses notice things that are potential signs of money laundering or financing of terrorism, they need to report that information to Police.  There is more information at:

AML/CFT ministerial exemptions

The Minister of Justice can decide to grant an exemption from coverage by the AML/CFT Act under certain circumstances. For example, if a business faces low money laundering risks it may not be required to meet some or all of the usual requirements. There is more information at:

Point of sale resources

The Ministry of Justice has also published “point of sale” resources which are available for businesses to put on display and use to provide information to customers about money laundering and financing of terrorism.

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